4% annual interest, how long will it take to double your money? plan to deposit an additional $5,000 at the end of every future year until your account totals TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you $220,000. You expect to earn 12% annually on the account. How many years will it take to 5-6 FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE What's the future value of a 5%, 5-year ordinary annuity that pays $800 each year? If this was an annuity due, what would its 5-7 PRESENT AND FUTURE VALUES OF A CASH FLOW STREAM An investment will pay $150 at $500 at the end of Year 6. If other investments of equal risk earn 11% annually, what is its the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end of Year 5, and $40,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest LOAN AMORTIZATION AND EAR You want to buy a car, and a local bank will lend you 5-5 reach your goal? future value be? present value? Its future value? 5-8 Chapter 5 Time Value of Money rate will be 8% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? ng values